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Why Buying a Fractional Property Makes Sense for Foreign Residents

Posted by Co-Ownership Property on 02/07/2023

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The 90/180-day rule and the limited time UK and non-EEA nationals can stay in Spain can make it challenging to fully enjoy your second home in the EU. However, buying a fractional ownership of a property can provide a solution to this problem and adapt perfectly. In this article, we’ll explore why buying fractional makes so much sense for non-residents and how it can help you make the most of your time in France or Spain (or anywhere else in the EU). Do remember that it is not just the time you spend in your south of France or Ibiza second home but also any time you spend in the rest of the EU.

What is co-ownership or Fractional Ownership for second homes?

Fractional ownership is a concept where multiple people own a share of a property. Each owner has the right to use the property for a specified period of time (portions of 1.5 months for each part (1/8th)), and the running costs and tax are split among the co-owners. This allows you to enjoy a property without the responsibilities and costs associated with full ownership.

Fractional ownership provides an excellent way to adapt to the 90/180-day rule for UK residents in the EU and enjoy your property in France or Spain within these time frames. With fractional ownership, you can purchase a share in a property (between one and four shares per owner) totalling eight shares for 100% of the deed and use it accordingly. If you are an European Union resident, you are still limited to the 6 months/year stay (UK residents can only stay maximum 90 days in one go, then 90 days back in UK) and if you want to stay more you can but you then become a French or Spanish tax resident.


Taylor-made service for non-residents, we buy the property for you!

You tell us which property you wish to buy in half and we shall find the co-owners for the remaining half of the property! This way you buy the house of your dream and optimise to the 6 months limit you have anyway.

Benefits of Fractional Ownership for Non-Residents

Fractional ownership is cost-Effective
Fractional ownership allows you to spread the costs of a property over multiple owners. This makes it more cost-effective than full ownership, as you don’t have to bear the full cost of the property and its associated expenses.

Enjoy France or Spain exactly the same as you would with a traditional property
With fractional ownership, you have the right to use the property for up to 6 months a year if you wish. This means you can enjoy your property in France/Spain for the maximum 6 months/year and pay half of the purchase price of the property and the same for running costs and tax. 6 months a year is equivalent to 4 parts as each part is 1/8th of the property. You can buy as little as one part which still gives you 1.5 months each year to enjoy your premium property.

No Maintenance Responsibilities
When you own a fraction of a property, you don’t have to worry about the maintenance and upkeep of the property. This is taken care of by the property management company.

Access to High-Quality Properties
Fractional ownership allows you to purchase a share in a premium property that you may not have been able to afford otherwise. This is because the costs are spread among multiple owners, making it more affordable.


Why pay full purchase price and running costs when you can only use your second home for a maximum of 6 months a year anyway?

Buying a fractional ownership in a property in France or Spain is a smart choice for non-residents who want to make the most of their time in the country. It provides a cost-effective solution to the 90/180-day rule, allows you to still spend quality time and build memories with your loved ones, and eliminates the responsibilities and costs associated with full ownership. So, if you’re a non-resident looking to enjoy the beauty of Spain or France, consider buying a fractional ownership in a property today.

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